Mahyudin Ahmad

Mahyudin Ahmad
Universiti Teknologi MARA | UiTM · Faculty of Business Management

PhD in Economics (Leicester, UK)
Inviting collaboration on publication, DM for more discussion.

About

26
Publications
24,251
Reads
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220
Citations
Citations since 2017
13 Research Items
200 Citations
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2017201820192020202120222023010203040
Additional affiliations
November 2019 - October 2021
Ministry of Education, Malaysia
Position
  • Deputy Director
August 2015 - July 2017
University of Cambridge
Position
  • Academic Visitor
February 2010 - December 2011
University of Leicester
Position
  • Research Assistant
Education
January 2009 - January 2012
University of Leicester
Field of study
  • Economics
December 2004 - June 2006
Universiti Utara Malaysia
Field of study
  • Economics
February 2002 - June 2003
Securities Insitute of Australia (JV with PNB Investment Institute)
Field of study
  • Applied Finance and Investment

Publications

Publications (26)
Article
Full-text available
Purpose The purpose of this paper is to attest whether generalized trust variable is the best proxy for social capital in explaining the latter’s effect on economic growth in a panel setting. Via a specially formulated theoretical framework, the authors also test whether the growth-effect of social capital is direct or indirect, and if it is indire...
Article
Full-text available
There is a growing literature studying the effects of economic freedom and democracy on income inequality; nevertheless, the inequality-effects of both factors are apparently studied separately. This paper revisits the income inequality-economic freedom nexus and uncovers the role of political regime in explaining the relationship. Using the latest...
Article
Full-text available
This paper extends the existing studies on institutions-growth nexus in two ways: firstly, it estimates a growth model that is spatially augmented to capture the countries’ dependence, and secondly it measures the countries’ dependence using a newly proposed concept called institutional proximity, in addition to the commonly used geography. Spatial...
Article
Full-text available
This article seeks to deepen our understanding of the globalisation-growth nexus as it extends the investigation to using a spatial econometric approach, hitherto rarely used in the globalisation literature. The objective of the article is to uncover not only the significant growth effects of globalisation but also its possible spillover effects on...
Article
Full-text available
This paper first proposes a theoretical framework outlining the links from the deep determinants of modern-day institutional environment towards the countries' economic performance, and second tests these links to find the evidence of the spatial spill over effects of institutional proximity on economic growth. Utilizing spatial fixed effects estim...
Preprint
Full-text available
This paper investigates the nexus between financial development (FD), institutions, and economic growth by employing a spatial autoregressive model on a panel dataset covering 82 countries from 1990 to 2019. The spatial dependence between countries is measured via geographical and institutional proximities, the latter hitherto has rarely been explo...
Book
Full-text available
This volume showcases selected conference papers addressing the sustainable future of ASEAN from the perspectives of business and social science disciplines. In addressing the 17 Sustainable Developments Goals (SDGs) envisioned by the United Nations in the domains of environment, health and well-being, posing potential means of reducing inequalitie...
Article
Full-text available
The literature has arrived at a consensus regarding the positive effects of institutions on growth. Nevertheless, many economists argue that a unified analytical framework of institutions-growth studies is still missing and more research needs to be done to fully operationalise the institutional effects in the empirical growth analysis. This paper...
Article
Full-text available
In 2009, Malaysia was ranked as the world's 11 th higher education exporter. However, only 2% of international students enrolled in Malaysia for the same year. In addressing the problem, this research proposes an analysis of Malaysia's higher education demand from a macro perspective. This is important in getting a holistic view on the internationa...
Preprint
Full-text available
This article seeks to deepen our understanding of the globalisation–growth nexus as it extends the investigation to using a spatial econometric approach, hitherto rarely used in the globalisation literature. The objective of the article is to uncover not only the significant growth effects of globalisation but also its possible spillover effects on...
Article
Full-text available
This paper investigates the distributive effect of economic freedom and democracy in a panel of countries up to 117 over 1970-2014. With a specific focus on the middle-income countries (MICs) which are shown to have been trapped at that level long after their transition from low-income status, this paper hypothesizes that income inequality could be...
Preprint
Full-text available
The literature has apparently arrived at consensus regarding the positive effects of institutions on growth. Nevertheless, many economists argue that a unified analytical framework of institutions-growth studies is still missing and more research need to be done to fully operationalize the institutional effects in the empirical growth analysis. Thi...
Article
Full-text available
In this paper we revisit the institutions–growth nexus in developing countries including the East Asian region. The region has in the past three decades not only achieved spectacular economic growth, but also experienced one of the worst financial crises, i.e. Asian financial crisis (AFC) in 1997–1998. Utilising the neoclassical growth framework au...
Article
Full-text available
The consensus in growth literature has recognized the significant effects of institutions (including social capital and political institutions) towards economic growth. Utilizing the World Value Survey (WVS)’s trust variable that has often been used to represent social capital, and employing panel data technique which hitherto has been very limited...
Article
Full-text available
Post Keynesian economics is actually macroeconomics in a world of uncertainty and endogenous money. Post Keynesians posit that money supply in a market oriented production economy is endogenous or endogenously determined (rather than exogenous as claimed by Monetarists). Money supply is said to be endogenous if it is determined within the economic...
Article
Full-text available
In recent years the issues of energy consumption and economic development have become the concern of many parties, particularly policy makers. The empirical outcomes of previous studies examining the relationship between energy consumption and economic growth have been inconclusive and conflicting due to different sample periods, variables used, co...
Article
Full-text available
Do institutions spatially affect growth? By employing a neoclassical growth model with institutional controls and augmenting the model with a formal spatial framework, this study finds evidence that institutions has spatial spillover effect on economic growth based on a panel observation from 58 developing countries for the period between 1985-2008...
Conference Paper
Full-text available
Numerous empirical studies have documented the evidence of institutional significance towards economic growth. This study extends such evidence as it examines the link between institutions and growth in developing countries including East Asian region. By using neoclassical growth framework augmented with institutional controls and latest estimatio...
Article
Full-text available
Utilizing neoclassical growth framework augmented with institutional controls and latest estimation technique in panel data analysis, this study identifies the crucial institutional qualities in East Asian and other developing countries and uncovers the channel of their effects toward economic growth. Furthermore, it extends the empirical evidence...
Article
Full-text available
To an otherwise extensive literature with yet mixed findings on the long run Purchasing Power Parity (PPP) theory, this paper extends the evidence against the PPP hypothesis in three East Asian economies namely Indonesia, Malaysia, and Thailand based on quarterly data spanning forty years (1968:Q1-2008:Q1). The testing of PPP hypothesis in this stu...
Article
Full-text available
This thesis focuses on the institutions-growth nexus in the developing countries from East Asia, Africa and Latin America. It comprises of three distinct chapters with specific interests. The first chapter investigates unique economic development of the East Asian countries in the past two decades which is, to my knowledge, still lacking empirical...
Poster
Full-text available
see more here: https://www.ukdataservice.ac.uk/use-data/data-in-use/case-study/?id=66
Article
Full-text available
: This paper investigates the importance of external factors in the domestic interest rate determination of Malaysia and measures the Malaysian financial market openness and domestic speed of adjustment to changes in foreign factors by capturing the effects of the Asian Financial Crisis in 1997. To achieve the objective, Autoregressive Integrated M...
Article
Full-text available
The study seeks to examine the impact of financial deregulation on the money demand in Malaysia and the implication of altered money demand pattern on the Malaysian monetary conduct. It also attempts to investigate the currency substitution effect as result of the financial market development and integration of domestic market with the rest of the...
Article
Full-text available
The paper investigates the importance of external factors in the domestic interest rate determination process and measures the openness and adjustment speed of Malaysian financial market. It also seeks to capture the effects of the Asian Financial Crisis 1997 (AFC) and the Malaysian government approaches to the crisis onto the process. Ordinary Lea...

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Projects

Project (1)
Project
To apply and test non-geographical spatial weight matrices, specifically the institutional proximity measures.